South Carolina Ranks 17th Among the States with the Highest Credit Card Debts: WalletHub Study

WalletHub on Tuesday released its study on States with the Highest & Lowest Credit Card Debts and South Carolina ranked as having the 17th highest debit.

To come up with the ranking, WalletHub used data from TransUnion, the Federal Reserve, the U.S. Census Bureau, and WalletHub’s proprietary credit card payoff calculator to determine the cost and time required to repay the median credit card balance in each of the 50 states and the District of Columbia.

Credit Card Debt in South Carolina (1^st Rank = Least Sustainable):

• Median Credit-Card Balance ($2,664)
• Median Income ($45,601)
• Cost of Interest Until Payoff ($316)
• Expected Payoff Timeframe (13 months and 14 days)

To see the full report, click here.

Share on Facebook

Tweet

Follow us